CBL & Associates Properties, Inc. Addresses Baseless Allegations in Media Coverage
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Mizuho Securities Cuts Price Target as CBL & Assoc. Properties (CBL) Trades Down
May 25, 2016 4:12 PM EDTMizuho Securities maintained a Neutral rating on CBL & Associates (NYSE: CBL), and cut the price target to $10.50 (from $12.00), as the company trades down ~10% intra-day. Management has continued to refute unsubstantiated allegations of accounting fraud during recent conversations. Investors are weighing whether the potential... More
CBL & Assoc. Properties (CBL) Shares Poised to Open Sharply Lower Despite Refuting Fraud Claims
May 25, 2016 7:28 AM EDTCBL & Associates Properties (NYSE: CBL) shares are poised to open sharply lower Wednesday morning after a Wall Street Journal story raised concerns about alleged accounting fraud.
The report, which cites people familiar with the matter, states that the FBI and the SEC are looking at whether CBL officials falsified info on... More
